Private equity firm Welsh, Carson, Anderson & Stowe (WCAS) has acquired a majority stake in EquiLend, a technology, data, and analytics provider for the securities finance industry, officials say. WCAS is “impressed with EquiLend’s highly differentiated suite of technology solutions and its sustained trusted client relationships,” says Ryan Harper, a general partner at the private… Read More >>
Ops Woes & Revenues Surge for Securities Lending
A key report finds that securities lending revenues surged last year and so did operational workloads, which makes the case for more automated reconciliation systems that process transactions in real-time, industry expert Roy Zimmerhansl tells FTF News. In 2023, the global securities finance industry set a record with $10.7 billion in revenue for lenders, according to… Read More >>
4sight Hires Former Merrill Lynch MD
4sight Financial Software, a provider of software and consultancy services to the securities finance and collateral management markets, reports that it has hired Raymond Blokland as a senior consultant. Prior to joining 4sight, Blokland, with more than 20 years of financial markets experience, was a managing director at Bank of America Merrill Lynch. Previously, he… Read More >>
